Price Action to Note: Can PICO Holdings Inc’s Tomorrow be Different? The Stock Just Broke Its High

November 25, 2016November 25, 2016Linda Rogers

The stock of PICO Holdings Inc (NASDAQ:PICO) hit a new 52-week high and has $15.19 target or 3.00% above today’s $14.75 share price. The 9 months bullish chart indicates low risk for the $338.00 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $15.19 price target is reached, the company will be worth $10.14M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.67% or $0.1 during the last trading session, hitting $14.75. About 29,091 shares traded hands. PICO Holdings Inc (NASDAQ:PICO) has risen 44.03% since April 22, 2016 and is uptrending. It has outperformed by 38.63% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.67 in Q2 2016. Its up 0.91, from 0.76 in 2016Q1. The ratio improved, as 11 funds sold all PICO Holdings Inc shares owned while 34 reduced positions. 6 funds bought stakes while 28 increased positions. They now own 16.05 million shares or 16.39% less from 19.19 million shares in 2016Q1.
Credit Suisse Ag accumulated 0% or 25,414 shares. Citigroup accumulated 0% or 15,839 shares. National Bank Of Montreal Can has invested 0.01% of its portfolio in PICO Holdings Inc (NASDAQ:PICO). Creative Planning last reported 182 shares in the company. Invesco has invested 0% of its portfolio in PICO Holdings Inc (NASDAQ:PICO). Benchmark Capital Advsr accumulated 0.1% or 12,500 shares. Endurance Wealth Mgmt Inc last reported 200 shares in the company. The New York-based Renaissance Tech Ltd Liability Corp has invested 0% in PICO Holdings Inc (NASDAQ:PICO). Kbc Grp Inc Nv holds 0% or 5,558 shares in its portfolio. Ameriprise holds 0% or 704,784 shares in its portfolio. Wells Fargo And Mn last reported 243,704 shares in the company. Nationwide Fund Advsrs last reported 21,822 shares in the company. Bank Of Ny Mellon has invested 0% of its portfolio in PICO Holdings Inc (NASDAQ:PICO). Tiaa Cref Invest Limited Co accumulated 78,886 shares or 0% of the stock. Carroll Financial Associates has 875 shares for 0% of their US portfolio.

More notable recent PICO Holdings Inc (NASDAQ:PICO) news were published by: Marketwatch.com which released: “PICO Holdings Inc.” on April 18, 2011, also Globenewswire.com with their article: “PICO Holdings, Inc. Announces the Sale of a Majority of Its Oil & Gas Assets” published on October 10, 2016, Barrons.com published: “A Turnaround Is in the Works at PICO Holdings” on September 17, 2016. More interesting news about PICO Holdings Inc (NASDAQ:PICO) were released by: Streetinsider.com and their article: “PICO Holdings (PICO) Terminates CEO Hart; Synthonics Investigation Concluded” published on October 12, 2016 as well as Globenewswire.com‘s news article titled: “PICO Holdings, Inc. to Host Investor Conference Call and Webcast on November …” with publication date: October 24, 2016.

PICO Company Profile

PICO Holdings, Inc. (PICO), incorporated on January 15, 1981, is a holding company. The Company’s divisions include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate.